5 years back I also joined for an insurance in a very big company called METLIFE
For 3 consecutive years i have deposited an amount of 3 lakhs, - yearly one lakh each.
after 4th year when i tried to surrender the policy, they said i will get back an amount
of Rs.1,47,500= only. There was no other way. So I surrendered my policy for the said
amount. So I lost an amount of Rs.1,52,500= Then I thought of going to consumer court,
but b'cos of lack of time, I couldn't go for that so far.
So, I think all the insurance companies are same in that matter except LIC, where they
say the actual maturity value.
KARUNAKARAN
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